Toast, Inc. (NYSE:TOST – Get Free Report) CEO Aman Narang sold 6,355 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $162,942.20. Following the sale, the chief executive officer now directly owns 1,131,043 shares in the company, valued at approximately $28,999,942.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Toast Price Performance
Shares of TOST opened at $25.31 on Friday. The company’s fifty day moving average is $24.72 and its two-hundred day moving average is $22.25. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90.
Toast (NYSE:TOST – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.16) EPS. On average, sell-side analysts predict that Toast, Inc. will post -0.14 earnings per share for the current year.
Institutional Investors Weigh In On Toast
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on TOST shares. Wedbush reissued an “outperform” rating and set a $30.00 price objective on shares of Toast in a report on Thursday, May 30th. Mizuho raised their price objective on shares of Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Robert W. Baird cut shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Tuesday, May 21st. Royal Bank of Canada raised their price objective on shares of Toast from $23.00 to $27.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.14.
Check Out Our Latest Stock Report on Toast
Toast Company Profile
Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.
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